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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net Sales$ 11,730,972$ 10,962,272$ 36,393,391$ 36,337,241
Cost of Sales9,461,4578,713,08429,583,26228,170,431
Gross profit2,269,5152,249,1886,810,1298,166,810
Operating expenses:    
General and administrative1,295,3171,239,0703,974,9973,807,519
Selling233,756112,509654,531671,329
Advertising and marketing416,916388,8871,108,9321,329,524
Total operating expenses1,945,9891,740,4665,738,4605,808,372
Income from operations323,526508,7221,071,6692,358,438
Other (expense) income:    
Interest expense(326,177)(163,835)(615,370)(712,896)
Interest income7,5764,49713,52813,090
Foreign currency gain (loss)8,630(2,660)34,896(37,348)
Total other expense, net(309,971)(161,998)(566,946)(737,154)
Net Income before taxes13,555346,724504,7231,621,284
Income tax expense12,907112,939253,807208,262
Net Income648233,785250,9161,413,022
Less: Net loss attributable to noncontrolling interest(17,471)(9,543)(77,666)(35,916)
Net income attributable to CTI Industries Corporation18,119243,328328,5821,448,938
Other Comprehensive Income    
Unrealized gain on derivative instruments; adjustment to accumulated balance on swap termination000188,615
Foreign currency adjustment(718,290)275,687(323,582)204,462
Comprehensive income$ (700,171)$ 519,015$ 5,000$ 1,842,015
Basic income per common share (in dollars per share)$ 0.01$ 0.08$ 0.10$ 0.49
Diluted income per common share (in dollars per share)$ 0.01$ 0.08$ 0.10$ 0.49
Dividends per share (in dollars per share)$ 0.05$ 0$ 0.05$ 0.05
Weighted average number of shares and equivalent shares of common stock outstanding:    
Basic (in shares)3,138,8483,120,5683,138,1812,930,748
Weighted average number of shares and equivalent shares of common stock outstanding (in shares)3,178,4443,201,0643,187,8712,985,697